Aegon (NYSE:AEG) Cut to Hold at StockNews.com

StockNews.com cut shares of Aegon (NYSE:AEG) from a buy rating to a hold rating in a report issued on Friday.

Aegon Stock Performance

Shares of AEG opened at $6.21 on Friday. The company’s fifty day moving average is $5.92 and its 200-day moving average is $5.62. Aegon has a 12 month low of $4.22 and a 12 month high of $6.38. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.08 and a current ratio of 0.08.

Aegon Increases Dividend

The company also recently announced a semi-annual dividend, which will be paid on Monday, July 8th. Investors of record on Monday, June 17th will be paid a $0.1734 dividend. The ex-dividend date is Monday, June 17th. This is a positive change from Aegon’s previous semi-annual dividend of $0.15. This represents a yield of 4.9%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of AEG. Allworth Financial LP grew its stake in Aegon by 144.8% in the 3rd quarter. Allworth Financial LP now owns 8,201 shares of the financial services provider’s stock valued at $39,000 after buying an additional 4,851 shares during the last quarter. Axxcess Wealth Management LLC acquired a new position in Aegon in the 3rd quarter valued at $58,000. M&T Bank Corp acquired a new position in Aegon in the 4th quarter valued at $60,000. Certuity LLC bought a new stake in Aegon in the 4th quarter valued at $62,000. Finally, Optas LLC bought a new stake in Aegon in the 4th quarter valued at $65,000. 4.32% of the stock is currently owned by institutional investors and hedge funds.

Aegon Company Profile

Aegon Ltd. provides insurance, pensions, retirement, and asset management services in the Americas, the Netherlands, the United Kingdom, and internationally. The company offers life, accident, property and casualty, and health insurance; annuities, retirement plans, and mutual funds; mortgage loans; and individual retirement accounts, as well as stable value, investment management, and digital banking solutions.